Pension companies miss out on oil rewards after green strategy shift
Many pension companies have divested their investments in oil and gas over the past years – but the recent huge value increase in oil stocks means that they have missed out on a big reward.
by daniel skinbjerg, translated by catherine brett
"Looking at returns the sector has generated over the past year, not having as much exposure to those kinds of companies as the rest of the market has definitely cost us a little on our own returns," Chief Strategist at PFA Tine Choi Danielsen acknowledges, emphasizing that other parts of the portfolio have compensated for the missed reward.
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